TellerScore

Bank failure · WA

Home S&la (Seattle, WA) — failed March 13, 1987

Home S&la of Seattle, Washington was closed on March 13, 1987 and resolved through a a/a. Interwest Savings Bank (WA) took over its insured deposits. At failure it held $150.6M in assets and $117.6M in deposits. The FDIC's estimated loss on the failure is $25.9M (17.2% of assets).

Closing date
March 13, 1987
FDIC certificate #
30467
Resolution
A/A (assistance)
Acquiring institution
Interwest Savings Bank
Insurance fund
FSLIC

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What happens when a bank fails